First-time Buyers: Help to Buy and Stamp Duty

Part of Housing, Communities and Local Government – in the House of Commons at 12:00 am on 5 November 2018.

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Photo of Robert Syms Robert Syms Conservative, Poole 12:00, 5 November 2018

I am grateful for the cuts in stamp duty for those at the lower end and the help for home ownership, but the higher rates of stamp duty may be having an adverse effect on the housing market. It could cost the Treasury £300 million, so a cut leading to more income, leaving more resources for those at the lower end could be in prospect. Has the Housing Minister raised that with the Treasury?